Bloomberg UBS Group AG is close to settling a tax evasion case with Italy for about 100 million euros ($110 million), according to people familiar with the matter. The agreement may come within the next few weeks, the people said, asking not to be identified as the matter is private. UBS declined to comment. The Swiss bank has said it ...

Bloomberg Mario Draghi warned against exaggerating the tradeoffs between risk sharing and risk reduction in the euro zone, arguing it has hampered monetary policy transmission. “Since a long time we have reached an impasse on key issues including on completing the banking union and deepening fiscal policy coordination,” the European Central Bank President said in Frankfurt on Wednesday. “This has ...

Bloomberg Nigerian policy makers urged banks to turn on the taps and increase lending to stimulate the economy, or have access to a near-risk free way of making money choked off. The West African nation’s Monetary Policy Committee is using persuasion to get banks away from parking their cash in high-yielding government securities to divert these funds to the private ...